US Spot Bitcoin ETFs Experience $410 Million Outflow Amid Price Drop

US Bitcoin ETFs saw a significant $410 million withdrawal as BTC dipped under $66,000 following robust job market statistics.

Recent data reveals that US spot bitcoin exchange-traded funds (ETFs) experienced a notable outflow of $410 million. This decline occurred as the price of bitcoin fell beneath the $66,000 mark, triggered by unexpectedly positive employment figures.

The substantial withdrawal suggests a reaction from investors to shifting market conditions, particularly in light of economic indicators that surpassed forecasts. The volatility within the crypto market continues to challenge investor confidence.